Portland USDA Loan Rates, Closing Costs & Stats

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Portland's 14 lenders originated 18 USDA loans during 2024. The total origination value was $7,350,000, with an average USDA loan value of $408,333.

Portland USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Portland averaged 0.08% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Portland's average USDA mortgage closing costs are $8,469.

The average rate for the prior week (2025-06-27) was 6.41% and one month ago for the week of 2025-05-30, the average rate was 6.8%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.22%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Portland USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Portland level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
PACIFIC RESIDENTIAL MORTGAGE, LLC 3 6.08% $14,435
UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $10,038
CANOPY MORTGAGE, LLC 1 6.13% $18,073
Commerce Home Mortgage, Inc. 1 5.75% $13,235
CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $8,481
DHI MORTGAGE COMPANY, LTD. 1 5.25% $6,781
Flagstar Bank, FSB 1 5.38% $7,837
GENEVA FINANCIAL, LLC 1 6.13% $29,616
Loan Simple, Inc. 1 5.50% $6,174
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $17,400
Sierra Pacific Mortgage Company, Inc. 1 6.63% $10,010
AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $9,657
Waterstone Mortgage Corporation 1 6.00% $19,525
BAY EQUITY LLC 1 6.25% $12,445

The top Portland USDA lender as defined by loan originations is PACIFIC RESIDENTIAL MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $14,435, which is $4,396 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Portland USDA lenders (with over 10 loans originated) are .

The lowest rate Portland USDA lenders (with over 10 loans originated) are .